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How rapidly have state and local taxes grown in Texas state from 2014-2018? Is that faster or slower than growth in state personal income and the rate of inflation? Have there been tax increases or decreases affecting that growth?
A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 120 - 0.25P, and the marginal cost of production is $160. Determine the optimal number of units to put i..
Explain the unemployment rate and inflation rate for your local area and compare it to the national average. Analyze how a discouraged worker will not be represented with the unemployment rate.
Assume that a monopolist has a demand curve given by P = 1500 − 4Q, and T C = 100 + 5Q2 with MC = 10Q. Graph the Demand, Marginal Revenue, Marginal Cost, and Average Total Cost curves. Calculate the consumer surplus. Calculate the producer surplus.
Suppose your elasticity of demand for your parking lot spaces is -0.5and price is $20 per day. If your MC is zero and your capacity at 9am is 96% are you optimizing?
You are trying to determine how much your family needs to set aside for the four years you plan to attend college for your tuition. You expect your tuition to increase your sophomore year by 11%, 12% your junior year, and 9% your senior year. How muc..
How increasing your human capital may influence your ability to accept change, and readiness to learn new skills and get new jobs. Apply the effects of human capital and technological changes
You are the economist of a firm with market power. The inverse demand for your product is given by P= 200 -10Q and your marginal cost is 5 + Q. What is the profit-maximizing level of output? What is the profit-maximizing price?
Distinguish between demand-pull inflation and cost-push inflation. Which of the two types is most likely to be associated with a negative GDP gap? What is core inflation? Why is it calculated?
A firm has the exogenous cost function C(Q) = 354Q- 30Q^2 + Q^3. Compute the marginal cost function. Use calculus to find the value of Q at which marginal cost is minimized. Compute the average cost function.
Use the endogenous growth model to determine the effects of this on the paths of aggregate consumption and aggregate output overtime.
Do you think these firms would welcome congressional legislation which restricted the amount that any one firm could spend on advertising to $1 million yearly, and thereby allowed them all to drastically reduce their costs without fear of losing grou..
Farmers in certain areas of U.S. CAN GROW EITHER WHEAT OR CORN. IF THE price of corn increases the: The percentage change in profit that results from a 1% change in units sold equals: A monopolist maximizes profits by producing a level of output wher..
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